Healthcare payer services are services that are outsourced by healthcare insurance payers and providers to provide better quality patient care by reducing costs and improving customer communication. The global healthcare payer services market is expected to reach $37.3 Billion by 2024 from $14.8 Billion in 2017, at a CAGR of 12.3% during the forecast period. Drivers that are influencing the market are increasing healthcare fraud and the dynamic nature of health benefit plan designs which helps to boost the market growth. Loss of managerial control and cultural differences and language barriers are the factors hampering the market growth. Major opportunities in this market are service portfolio expansion and switching to icd-10 standards which helps in market demand in future.
Research Study Objectives:
- Define, estimate, and forecast the Healthcare Payer Services market statistics by services type, end user, application areas, and regions concerning the individual growth drivers, market trends and their contribution toward the Healthcare Payer Services market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Healthcare Payer Services Market Analysis
- Analysis and conclusions on the future Healthcare Payer Services market outlook.
Top-down and bottom-up approaches are used to validate the Healthcare Payer Services Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the
market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Healthcare Payer Services Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Healthcare Payer Services market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Healthcare Payer Services market segmentation is as follows:
By Service Type
- Business process outsourcing services
- Information technology outsourcing services
- Knowledge process outsourcing services
By Application
- Claims management services
- Integrated front-end services and back-office operations
- Member management services
- Provider management services
- Billing and accounts management services
- Analytics and fraud management services
- HR Services
By End User
- Private payers
- Public payers
Geographical Analysis:
Healthcare payer services market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and
many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Healthcare Payer Services Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Healthcare Payer Services Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant Healthcare Payer Services market players, such as
- Cognizant Technology Solutions.
- Accenture PLC
- Concentrix Corporation.
- Dell, Inc.
- Xerox Corporation.
- Along with these companies, many other companies are considered in the report while analysing the Global Healthcare Payer Services competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
